Cost of Living in Lake Oswego
Lake Oswego runs genuinely expensive on housing -- among the priciest markets in Oregon -- offset somewhat by Oregon's zero sales tax, though the state's real, current 9.9% top income tax rate is a genuinely significant cost for the city's high-income households.
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Learn moreHousing: genuinely among the most expensive in Oregon
Zillow's average home value ran $889,944 (up 0.7% year-over-year), with Niche citing a higher median of $932,200 -- both figures genuinely high relative to nearly every other market in this Oregon Tier A wave.
Oregon's income tax hits high earners hardest
Given Lake Oswego's real, disclosed $141,549 median household income, Oregon's graduated income tax (topping out at 9.9% for income above $125,000 single / $250,000 married-filing-jointly) is a genuinely significant, real cost for many Lake Oswego households.
The highest property-tax dollar bill in this Oregon wave
Lake Oswego's median annual property tax bill ($5,187) runs as the highest dollar figure among this Oregon Tier A wave -- reflecting the city's genuinely high underlying home values as much as Clackamas County's own effective rate.
Key takeaways
- Lake Oswego's housing runs genuinely among the most expensive in Oregon ($889,944-$932,200 average/median).
- Oregon's 9.9% top income tax rate is a genuinely significant cost given the city's high median household income.
- Lake Oswego's median property tax bill ($5,187) is the highest dollar figure in this Oregon Tier A wave.
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